Softbank Corp. buys large portion of Sprint

A woman uses her phone as she walks past a Sprint store in New York's financial district. Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.

( Brendan McDermid/Reuters / October 15, 2012 )

A woman uses her phone as she walks past a Sprint store in New York's financial district. Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.

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